Leases (Tables)

3 Months Ended

Mar. 31, 2019

	As of
	March 31,
	2019
Operating Lease Asset	$	24,031
Operating Lease Liability		25,263
Weighted Average Lease Term (in years) (1)		4.3
Weighted Average Discount Rate (2)		5.30	%

(1)

Our weighted average lease term excludes one real estate lease that expires in May 2056.

(2)

As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of future lease payments. To estimate incremental borrowing rates, we consider various factors, including the rates applicable to our recently issued debt and credit facilities and prevailing financial market conditions. We use the incremental borrowing rate on January 1, 2019 for operating leases that commenced prior to that date.

Schedule Of Lease Costs


	For the Three Months Ended
	March 31,
	2019
Fixed rental costs	$	2,122
Short-term lease cost		1,170
Variable lease cost		599
Total operating lease costs	$	3,891

Schedule Of Maturity Of Operating Lease Liabilities


As of March 31,	Operating Leases
2019	$	6,496
2020		5,050
2021		4,646
2022		4,365
2023		2,675
After 2023		12,416
Total lease payments	$	35,648
Less: Interest		10,385
Present value of operating lease liabilities		25,263